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January Brent crude fell 9.6% to about $94.5 a barrel, down roughly 20% since Monday, after Trump said he had no plans to strike Iran soon and Democrats won the US midterms. January WTI dropped 9.2% to about $87, and February Paris rapeseed fell 2% to €528/t.
Lower crude weakens the biofuel economics that support vegetable oil and oilseed demand, so rapeseed and other oilseed prices come under pressure. Feed buyers should expect cheaper oilseed meal and oil inputs if energy stays weak.
graintrade.com.uaNov 5, 2026After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
